BITCOIN - BTC/USDT - Daily - Technical analysis published on 01/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 25,273.00 USDT
My targets
36,974.30 USDT (+10.35%)
44,649.10 USDT (+33.25%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 25,273.00 USDT, you could try to benefit from the boom. The first bullish objective is located at 36,974.30 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44,649.10 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
BITCOIN - BTC/USDT rating 33,506.85 USDT. On the day, this instrument gained +4.14% and was between 32,000.42 USDT and 34,760.31 USDT. This implies that the price is at +4.71% from its lowest and at -3.61% from its highest.32,000.42
34,760.31
33,506.85
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 13,093.50 | 19,693.00 | 23,826.90 | 33,506.85 |
Change (%) | -60.92% | -41.23% | -28.89% | - |
Change | -20,413.35 | -13,813.85 | -9,679.95 | - |
Level | Major | Intermediate | Minor | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25,370.08 | 27,164.59 | 29,670.08 | 31,464.59 | 33,970.09 | 35,764.60 | 38,270.09 |
Camarilla | 30,993.08 | 31,387.25 | 31,781.41 | 32,175.58 | 32,569.75 | 32,963.91 | 33,358.08 |
Woodie | 25,725.58 | 27,342.34 | 30,025.58 | 31,642.34 | 34,325.58 | 35,942.34 | 38,625.58 |
Fibonacci | 27,164.59 | 28,807.19 | 29,821.99 | 31,464.59 | 33,107.19 | 34,121.99 | 35,764.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19,929.75 | 22,812.33 | 27,493.95 | 30,376.53 | 35,058.15 | 37,940.73 | 42,622.36 |
Camarilla | 30,095.43 | 30,788.81 | 31,482.19 | 32,175.58 | 32,868.97 | 33,562.35 | 34,255.73 |
Woodie | 20,829.28 | 23,262.09 | 28,393.48 | 30,826.29 | 35,957.68 | 38,390.49 | 43,521.88 |
Fibonacci | 22,812.33 | 25,701.85 | 27,487.00 | 30,376.53 | 33,266.05 | 35,051.20 | 37,940.73 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9,545.20 | 13,571.70 | 21,246.50 | 25,273.00 | 32,947.80 | 36,974.30 | 44,649.10 |
Camarilla | 25,703.44 | 26,776.06 | 27,848.68 | 28,921.30 | 29,993.92 | 31,066.54 | 32,139.16 |
Woodie | 11,369.35 | 14,483.78 | 23,070.65 | 26,185.08 | 34,771.95 | 37,886.38 | 46,473.25 |
Fibonacci | 13,571.70 | 18,041.60 | 20,803.10 | 25,273.00 | 29,742.90 | 32,504.40 | 36,974.30 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 88.47 | |
MACD (12,26,9): | 3,071.5300 | |
Directional Movement: | 45.05 | |
AROON (14): | 92.86 | |
DEMA (21): | 30,062.02 | |
Parabolic SAR (0,02-0,02-0,2): | 28,398.00 | |
Elder Ray (13): | 5,400.92 | |
Super Trend (3,10): | 27,967.58 | |
Zig ZAG (10): | 33,466.54 | |
VORTEX (21): | 1.3800 | |
Stochastique (14,3,5): | 92.04 | |
TEMA (21): | 31,517.99 | |
Williams %R (14): | -10.30 | |
Chande Momentum Oscillator (20): | 9,639.47 | |
Repulse (5,40,3): | 13.2800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.6100 | |
Courbe Coppock: | 65.00 |
MA7: | 29,625.58 | |
MA20: | 25,600.36 | |
MA50: | 21,277.15 | |
MA100: | 16,979.12 | |
MAexp7: | 30,032.86 | |
MAexp20: | 26,294.00 | |
MAexp50: | 22,152.48 | |
MAexp100: | 18,641.41 | |
Price / MA7: | +13.10% | |
Price / MA20: | +30.88% | |
Price / MA50: | +57.48% | |
Price / MA100: | +97.34% | |
Price / MAexp7: | +11.57% | |
Price / MAexp20: | +27.43% | |
Price / MAexp50: | +51.26% | |
Price / MAexp100: | +79.74% |
Quotes :
2021-01-03 20:47:01
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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